Bulls need to break above SPX 875 with great margin tomorrow to prove themselves. Nasdaq 100 way outperforms the other indices but breadth disagrees.

7.1.0 Use n vs n Rule to Identify a Trend Change. One down day versus two up days (please see comment area for why I count today as an up day), bears won. Bulls have to break above SPX 875 with great margin tomorrow to prove themselves, however the uptrend would still be considered weakening even they could make it because that would be three days’ effort for recovering one day’s damage. For people who are not familiar with N vs N rule, please refer to 8.0.3 Use n vs n Rule to Identify a Trend Change 2008. A change of character, yes. But this does not mean the market would plunge right away, one day does not make a trend, so I believe the market will seesaw while bears would win more and more during the next several rounds of N vs N.